Additional resources

03.12.2014 - Technical view

The price
of EUR/USD continued the downward trend and approached the important support
level at 1.2360. The breaking of this level will be the basis for further drop
in prices with the closest target near 1.2200. At the moment, there is a
possibility of the price rebound to inclined resistance line. We maintain our
medium-term negative outlook and recommend holding short positions with a stop
above 1.2600.

The price
of GBP/USD stabilized near mark of 1.5650 after a sharp decline that followed
the failed attempt to break through the inclined resistance line. The fall in
prices is limited by a strong support at 1.5600. Growth is possible to the
nearest inclined resistance line. We expect lower volatility in the coming
days, after which is projected a strong price movement. Medium-term trend
remains negative.

The price
of USD/JPY after the rebound from the bottom of the channel, has overcome the
level of 119.00, and continued the upward movement. Continued growth is
expected to the psychologically important mark of 120.00, after which growth
will slow down and we can see the long-term consolidation. Fall is limited by
the lower boundary of the channel, and we recommend holding long positions with
a stop below 107.40. Our medium-term outlook also remains positive.

The price
of AUD/USD after consolidation below 0.8550, continued the downward movement
and reached the bottom of the channel. In case of the price rebound from this
boundary, quotes, can grow up to 0.8500. We recommend holding short positions
with a stop above 0.8600 and target levels 0.8360 and 0.8200. We also maintain
our medium-term negative outlook.

The price
of NZD/USD after overcoming the level of 0.7825, continued to decline and
reached 0.7780, above which is now consolidating. Fixing the price below this
mark will be a signal for further price decline to the level of 0.7660. Our
medium-term outlook remains negative and we recommend holding short positions
with a stop above 0.7910 and objectives of 0.7500 and 0.7300.

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’

LEGAL: ‘fxfinpro.com’ is a domain owned and operated by ‘PFX Financial Professionals Limited’, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840, having its principal place of business at 82 Nikou and Despina Pattichi Avenue, Maritania Court, Office 101, Kato Polemedia, 3070 Limassol, Cyprus. ‘PFX Financial Professionals Limited’ is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under license number 193/13. ‘PFX Financial Professionals Limited’ operates in accordance with the Markets in Financial Instruments Directive (‘MiFID’) of the European UnionRESTRICTED REGIONS: PFX Financial Professionals Limited does not provide services to citizens of the USA, Canada, Japan, Belgium, North Korea, or Iran

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.